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Who to get advice from re poss inheritance tax/capital gains non UK resident

1 reply

AnonPerson · 15/04/2022 08:22

I am in the incredibly lucky position that a relative wants to gift me some money in order to buy some land (approx £40k), but don't know who to get advice from as its a bit tricky. My relative is a UK citizen but is resident in Ireland. They don't own any property in the UK (neither do I!), however do have pockets of property scattered around Europe - I'm not sure if their total estate would be worth much over £300k. Their worry is that if they were to die in the next 7 years (not impossible, although hopefully unlikely) I would then be hit with a tax bill, although I'm not sure how this would work if they're not a UK resident. The money is however held in a UK bank account.

Who would I speak to that might have a good knowledge of dealing with this sort of thing please? I've never ever had any dealings with buying any sort of property and I've never received any sort of gift from anyone so my knowledge is very limited!

OP posts:
BritInUS1 · 15/04/2022 08:27

They need to speak to an inheritance tax expert in the country that they are resident

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